Debt
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- mrdobolina
http://www.cnn.com/2004/ALLPOLIT…
What ever happened to being conservative?
- mrdobolina0
"Any economist will tell you cannot have this level of debt of increasing deficits without eventually it affecting interest rates and inflation," he said. "Those are the greatest enemies of middle-income Americans and retired Americans."
John McCain
- GreedoLives0
nice to see you back in the politics game mr dobs...
but seriously,i don't think the republicans are minding this much right now. it'll make for cheaper labor, the weakened dollar makes US exports cheaper, makes foreign imports more expensive etc.
Plus, T-bills are a lovely steady income that the rich just eat up.
And those $800 billion won't last long, either. Iraq'll take at least another $200 billion next year, the insane tax cuts march on, etc.
But it is odd to see how roles are reversed, the democrats now being the fiscally conservatives. In the end, the rich will be richer, the poor will be poorer, and the middle class will erode some more. You get what you voted for.
- mrdobolina0
yeah greedo, looks like I took two weeks off.
- blaw0
The Outstanding Public Debt as of 19 Nov 2004 at 02:36:11 PM GMT is:
$7,448,641,533,657.63...so each citizen's share of this debt is $25,263.44.
You can play along at home at:
http://www.brillig.com/debt_cloc…